Shri. Kamal Mahajan, Advisor – Treasury & Global Markets Bank Of Baroda in his interview to CNBC TV18 Bazaar, expressed his views on the Money Market. According to him the rupee has depreciated 3.90% during the last 3 months and is still stronger than its 1-year yield. Commenting on the bond market, he said that there is an indication of lower bond yields in the forthcoming weeks. He expects the new 10-year benchmark bond yield to trade at 6.41 – 6.51%.
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